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Nov 6, 20201 min read

Taking loan from life insurance company ?

Question:

Salam. My dad passed away. He had life insurance for my mom, but he took out a loan from it. Now is that loan considered my dad's or my mom's?

Answer: ﺑﺴﻢ اﷲ اﻟﺮﺣﻤﻦ اﻟﺮﺣﯿﻢ

In the name of Allah, the Most Gracious, the Most Merciful

Since your father took out the loan, that money will be considered his. Nevertheless, life insurance is prohibited in Islam. Kindly refer to the following link for more details:

https://daruliftabirmingham.co.uk/life-insurance-money/


Only Allah knows best

Written by Maulana Mohammad Ahsan Osmani Checked and approved by Mufti Mohammed Tosir Miah Darul Ifta Birmingham

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